Posts Tagged ‘CexIO automated trading’

Earlier this year we have started testing and using the Haasbot trading bot by getting a full license for the software. Initially we have liked the ease of use and functionality of the software, so we started playing with it trying various things. Soon however we’ve started discovering small, but annoying things that have led to stopping to use it like getting frequent software updates that essentially deleted some or all of the configured trading bots and having to set them up again. The software updates were good as they added new functionality and improvements, but then the software started loosing track of the things happening on the market and there was a slow period for the authors of the software stopping to release updates while preparing for the major release 1.0.

Earlier this month the Haasbot Automated Trading Bot 1.0 was released with a lot of new features and additions, but one of the most important ones are the addition of a lot more exchanges where you can trade such as Bitstamp, Bitfinex, BTC-E, Kraken, Huobi, Bittrex, Cryptsy, CampBX, CEX.IO, and Poloniex with more getting added. The new version of the trading bot comes with new prices as well that seem to be more accessible than before, however the standard licenses start with shorter period of just 3 months, though you can extend for 6 or 12 months with some additional discount. The Beginner and Standard License allow you to get a feel of the basic bot functionality before deciding should you need to invest in the unlimited in terms of features Advanced version. It seems that we should check the new version of the software giving it another chance, hopefully this time we are going to continue using it longer and be happy with the results without the annoying issues from the past.

A new version of the Haasonline Automated Trading Bot software was released along with an update for the trading platform for existing users. The new Beginner Trade Bot is a bit more limited compared to the Simple and Advanced versions of the trading software, but also comes at a much affordable price, making it ideal for people that want to try it out first without having to invest a lot in the software for the more expensive licenses. And the good news is that you can upgrade at a later time to the other two versions by paying for the difference, so if you like the results and need more features you can upgrade, if not you would not have paid up to 0.9 BTC to see that this software is not for you. The price for a license for the Beginner Trade Bot is 0.25 BTC and you can get 5% discount if you add the coupon code “5off” (without the quotes) on checkout. Note that the promo code for the discount can also be used for the other two versions of the software, not only for the Beginner license.

The update to the software that existing users have received brought some new features and improvements, but due to changes in how user settings are stored in the new version after upgrading the trade bot configuration and the exchange API keys will be lost and yo will need to set them again and that can be a bit of a bother, especially if you have configured a lot of bots already with different settings. On the other hand there are some useful improvements in the new version along with new indicators, better options for selecting the trading amount that the bot can operate with and more advanced check if the set orders have executed or not. With the older version we had a few cases when an order is sent to an exchange such as Cryptsy and not getting executed for a while without getting removed due to a timeout, so hopefully the new update will fix these problems. We are currently testing the automated trading bot on LTC/BTC trading to see how good it will perform in the current market situation with the Litecoin prices going up and so far we are seeing good results getting some profit from our automated trades.

We’ve been playing around and experimenting with the Haasonline Automated Trading Bot software and above you can see an example of how our testing is going on. We have 8 bots currently setup and actively trading and though there are some trades executed with slight loss they are generally making profit. The total profit may seem low, but we are still testing with low trading amounts, so it is normal that when you subtract the trading feed the generated profit from just a few trades is not that high. We are using small amounts from different currencies and with different exchanges in order to see what works better. If you have missed our First Impressions from the Haasonline Automated Trading Bot, then you might want to check it out first in order to have a better idea what are we talking about here.

A good advice is to look for crypto currencies that have larger trade volume and not a steady exchange rate, you cannot make a profit when the exchange is a flat line. Another helpful thing is to trade on the CEX.io exchange, but instead of trading GHS there you can trade the LTC/BTC and NMC/BTC pairs. The good thing about that particular exchange is that there are no fees for trading, so as long as you buy cheaper than you sell you are generating profit. Trading GHS/BTC there with an automated bot may not be that good of an idea as it is riskier, but if you manage to configure a good automated trading bot, then you might end up making some nice profit. The other exchange we are testing a lot at is Cryptsy, because there are quite a lot of alternative crypto currency pairs to play with. However not all have large volumes or even if they do, many of them have a steady exchange rate that may be good for the miners, but not so good for the traders willing to make some profit from trading.

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